A. O. Smith Corporation
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, homes, apartments… Read more
A. O. Smith Corporation (AOS) - Net Assets
Latest net assets as of December 2025: MX$1.86 Billion MXN
Based on the latest financial reports, A. O. Smith Corporation (AOS) has net assets worth MX$1.86 Billion MXN as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (MX$3.14 Billion) and total liabilities (MX$1.28 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | MX$1.86 Billion |
| % of Total Assets | 59.12% |
| Annual Growth Rate | 1.13% |
| 5-Year Change | 1.41% |
| 10-Year Change | N/A |
| Growth Volatility | 5.0 |
A. O. Smith Corporation - Net Assets Trend (2018–2025)
This chart illustrates how A. O. Smith Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for A. O. Smith Corporation (2018–2025)
The table below shows the annual net assets of A. O. Smith Corporation from 2018 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | MX$1.86 Billion | -1.35% |
| 2024-12-31 | MX$1.88 Billion | +2.12% |
| 2023-12-31 | MX$1.84 Billion | +5.53% |
| 2022-12-31 | MX$1.75 Billion | -4.61% |
| 2021-12-31 | MX$1.83 Billion | -0.87% |
| 2020-12-31 | MX$1.85 Billion | +10.89% |
| 2019-12-31 | MX$1.67 Billion | -2.92% |
| 2018-12-31 | MX$1.72 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to A. O. Smith Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 87.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | MX$3.95 Billion | 212.69% |
| Total Equity | MX$1.86 Billion | 100.00% |
A. O. Smith Corporation Competitors by Market Cap
The table below lists competitors of A. O. Smith Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Akeso, Inc.
PINK:AKESF
|
$7.27 Billion |
|
AVMPF
PINK:AVMPF
|
$7.28 Billion |
|
LKQ Corporation
NASDAQ:LKQ
|
$7.28 Billion |
|
Bankinter S.A
PINK:BKIMF
|
$7.28 Billion |
|
AtkinsRéalis Group Inc
PINK:SNCAF
|
$7.27 Billion |
|
Fluor Corporation
NYSE:FLR
|
$7.26 Billion |
|
Orkla ASA
PINK:ORKLF
|
$7.25 Billion |
|
SPIE SA
PA:SPIE
|
$7.25 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in A. O. Smith Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,883,500,000 to 1,858,000,000, a change of -25,500,000 (-1.4%).
- Net income of 546,200,000 contributed positively to equity growth.
- Dividend payments of 195,700,000 reduced retained earnings.
- Share repurchases of 400,800,000 reduced equity.
- Other factors increased equity by 24,800,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | MX$546.20 Million | +29.4% |
| Dividends Paid | MX$195.70 Million | -10.53% |
| Share Repurchases | MX$400.80 Million | -21.57% |
| Other Changes | MX$24.80 Million | +1.33% |
| Total Change | MX$- | -1.35% |
Book Value vs Market Value Analysis
This analysis compares A. O. Smith Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 100.44x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 131.92x to 100.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | MX$10.21 | MX$1347.00 | x |
| 2019-12-31 | MX$10.27 | MX$1347.00 | x |
| 2020-12-31 | MX$11.43 | MX$1347.00 | x |
| 2021-12-31 | MX$11.62 | MX$1347.00 | x |
| 2022-12-31 | MX$11.56 | MX$1347.00 | x |
| 2023-12-31 | MX$12.50 | MX$1347.00 | x |
| 2024-12-31 | MX$12.77 | MX$1347.00 | x |
| 2025-12-31 | MX$13.41 | MX$1347.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently A. O. Smith Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 29.40%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.26%
- • Asset Turnover: 1.22x
- • Equity Multiplier: 1.69x
- Recent ROE (29.40%) is above the historical average (24.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 25.87% | 13.93% | 1.04x | 1.79x | MX$272.50 Million |
| 2019 | 22.20% | 12.36% | 0.98x | 1.83x | MX$203.32 Million |
| 2020 | 18.66% | 11.91% | 0.92x | 1.71x | MX$160.07 Million |
| 2021 | 26.59% | 13.76% | 1.02x | 1.90x | MX$303.88 Million |
| 2022 | 13.49% | 6.28% | 1.13x | 1.91x | MX$60.93 Million |
| 2023 | 30.18% | 14.45% | 1.20x | 1.74x | MX$372.16 Million |
| 2024 | 28.33% | 13.98% | 1.18x | 1.72x | MX$345.25 Million |
| 2025 | 29.40% | 14.26% | 1.22x | 1.69x | MX$360.40 Million |
Industry Comparison
This section compares A. O. Smith Corporation's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
No peer company data available for comparison.